Hawkeye Acquisition (MDP) 10-Q 28 Apr 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Mar. 31, 2014
Document Information [Line Items]	'
Entity Registrant Name	'MEREDITH CORP
Entity Central Index Key	'0000065011
Document Type	'10-Q
Document Period End Date	31-Mar-14
Amendment Flag	'false
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q3
Current Fiscal Year End Date	'--06-30
Entity Current Reporting Status	'Yes
Entity Filer Category	'Large Accelerated Filer
Entity Common Stock, Shares Outstanding	44,586,386
Company Common Stock [Member]	'
Document Information [Line Items]	'
Entity Common Stock, Shares Outstanding	36,880,023
Class B Shares [Member]	'
Document Information [Line Items]	'
Entity Common Stock, Shares Outstanding	7,706,363

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified
Current assets	'	'
Cash and cash equivalents	$22,121	$27,674
Accounts receivable, net	240,846	232,305
Inventories	26,478	28,386
Current portion of subscription acquisition costs	104,081	97,982
Current portion of broadcast rights	5,523	2,831
Other current assets	19,201	18,514
Total current assets	418,250	407,692
Property, plant, and equipment	481,073	464,255
Less accumulated depreciation	-292,261	-277,938
Net property, plant, and equipment	188,812	186,317
Subscription acquisition costs	101,162	99,433
Broadcast rights	2,698	3,634
Other assets	74,844	69,848
Intangible assets, net	660,244	584,281
Goodwill	857,196	788,854
Total assets	2,303,206	2,140,059
Current liabilities	'	'
Current portion of long-term debt	75,000	50,000
Current portion of long-term broadcast rights payable	5,427	4,089
Accounts payable	60,531	78,458
Accrued expenses and other liabilities	128,982	132,676
Current portion of unearned subscription revenues	189,076	191,448
Total current liabilities	459,016	456,671
Long-term debt	450,000	300,000
Long-term broadcast rights payable	3,941	5,096
Unearned subscription revenues	155,828	163,809
Deferred income taxes	258,660	247,487
Other noncurrent liabilities	107,706	112,700
Total liabilities	1,435,151	1,285,763
Shareholders' equity	'	'
Additional paid-in capital	45,920	50,170
Retained earnings	792,963	775,901
Accumulated other comprehensive loss	-15,414	-16,341
Total shareholders' equity	868,055	854,296
Total liabilities and shareholders' equity	2,303,206	2,140,059
Preferred Stock [Member]	'	'
Shareholders' equity	'	'
Series preferred stock	0	0
Common Stock [Member]	'	'
Shareholders' equity	'	'
Common stock	36,880	36,242
Common Class B [Member]	'	'
Shareholders' equity	'	'
Common stock	$7,706	$8,324

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Earnings (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Revenues	'	'	'	'
Advertising	$182,175	$195,243	$574,253	$619,459
Circulation	96,078	91,458	239,545	234,345
All other	89,161	82,914	264,116	230,563
Total revenues	367,414	369,615	1,077,914	1,084,367
Operating expenses	'	'	'	'
Production, distribution, and editorial	144,766	141,605	417,759	416,333
Selling, general, and administrative	168,386	166,873	487,799	481,245
Depreciation and amortization	23,033	11,091	46,418	33,985
Total operating expenses	336,185	319,569	951,976	931,563
Income from operations	31,229	50,046	125,938	152,804
Interest expense, net	-3,408	-3,228	-8,676	-10,230
Earnings before income taxes	27,821	46,818	117,262	142,574
Income taxes	-9,335	-17,397	-44,166	-52,727
Net earnings	$18,486	$29,421	$73,096	$89,847
Basic earnings per share	'	'	'	'
Basic earnings per share	$0.41	$0.66	$1.64	$2.02
Basic average shares outstanding	44,649	44,404	44,665	44,436
Diluted earnings per share	'	'	'	'
Diluted earnings per share	$0.41	$0.65	$1.61	$2
Diluted average shares outstanding	45,376	45,079	45,462	45,021
Dividends paid per share	$0.43	$0.41	$1.25	$1.17

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net earnings	$18,486	$29,421	$73,096	$89,847
Other comprehensive income, net of income taxes	'	'	'	'
Pension and other postretirement benefit plans activity	269	489	927	1,217
Other comprehensive income, net of income taxes	269	489	927	1,217
Comprehensive income	$18,755	$29,910	$74,023	$91,064

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Shareholders' Equity (USD $)	Total	Common Stock [Member]	Common Class B [Member]	Common Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Retained Earnings [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
In Thousands, except Per Share data, unless otherwise specified					Common Class B [Member]			Common Stock [Member]	Common Class B [Member]
Balance at Jun. 30, 2013	$854,296	'	'	$36,242	$8,324	$50,170	$775,901	'	'	($16,341)
Common Stock, Par or Stated Value Per Share	'	'	'	$1	$1	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'	'	'	'
Net earnings	73,096	'	'	'	'	'	73,096	'	'	'
Pension and other postretirement benefit plans reclassifications, net of income taxes	927	'	'	'	'	'	'	'	'	927
Purchases of Company stock	-67,820	'	'	-1,408	-1	-66,411	0	'	'	'
Share-based compensation	10,402	'	'	'	'	10,402	'	'	'	'
Conversion of Class B to common stock	0	'	'	617	-617	'	'	'	'	'
Dividends paid	'	-45,923	-10,111	'	'	'	'	-45,923	-10,111	'
Tax deficiency from share-based awards	-1,715	'	'	'	'	-1,715	'	'	'	'
Share-based incentive plan transactions	54,903	'	'	1,429	'	53,474	'	'	'	'
Balance at Mar. 31, 2014	$868,055	'	'	$36,880	$7,706	$45,920	$792,963	'	'	($15,414)

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities	'	'
Net earnings	$73,096	$89,847
Adjustments to reconcile net earnings to net cash provided by operating activities	'	'
Depreciation	25,322	25,294
Amortization	9,894	8,691
Share-based compensation	10,402	9,628
Deferred income taxes	7,862	32,386
Amortization of broadcast rights	6,118	7,668
Payments for broadcast rights	-7,692	-9,758
Provision for write-down of impaired assets	11,447	0
Fair value adjustment to contingent consideration	-3,400	-2,500
Excess tax benefits from share-based payments	-4,092	-3,258
Changes in assets and liabilities	-37,600	-44,696
Net cash provided by operating activities	91,357	113,302
Cash flows from investing activities	'	'
Acquisitions of and investments in businesses	-188,654	-7,410
Additions to property, plant, and equipment	-16,483	-18,854
Net cash used in investing activities	-205,137	-26,264
Cash flows from financing activities	'	'
Proceeds from issuance of long-term debt	386,000	65,000
Repayments of long-term debt	-211,000	-90,000
Dividends paid	-56,034	-52,305
Purchases of Company stock	-67,820	-39,908
Proceeds from common stock issued	54,903	26,357
Excess tax benefits from share-based payments	4,092	3,258
Other	-1,914	-770
Net cash provided by (used in) financing activities	108,227	-88,368
Net decrease in cash and cash equivalents	-5,553	-1,330
Cash and cash equivalents, at beginning of period	27,674	25,820
Cash and cash equivalents, at end of period	$22,121	$24,490

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies [Text Block]	'
	Summary of Significant Accounting Policies
	Basis of Presentation—The condensed consolidated financial statements include the accounts of Meredith Corporation and its wholly owned subsidiaries (Meredith or the Company), after eliminating all significant intercompany balances and transactions. Meredith does not have any off-balance sheet arrangements. The Company's use of special-purpose entities is limited to Meredith Funding Corporation, whose activities are fully consolidated in Meredith's condensed consolidated financial statements.
	The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (SEC). Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America (GAAP) for complete financial statements. These condensed consolidated financial statements should be read in conjunction with the Company's audited consolidated financial statements, which are included in Meredith's Annual Report on Form 10‑K for the year ended June 30, 2013, filed with the SEC.
	The condensed consolidated financial statements as of March 31, 2014, and for the three and nine months ended March 31, 2014 and 2013, are unaudited but, in management's opinion, include all normal, recurring adjustments necessary for a fair presentation of the results of interim periods. The year-end condensed consolidated balance sheet data as of June 30, 2013, were derived from audited financial statements, but do not include all disclosures required by GAAP. The results of operations for interim periods are not necessarily indicative of the results to be expected for the entire fiscal year.
	Recently Adopted Accounting Standards—In February 2013, the Financial Accounting Standards Board (FASB) issued guidance related to Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which requires companies to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, companies are required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income. This update was effective for us in our first quarter of fiscal 2014. The adoption of this guidance required a change in the format of presentation only and did not have an impact on our results of operations or financial position.
	Recently Issued Accounting Standards—In April 2014, the FASB issued guidance that changes the criteria for reporting discontinued operations while enhancing disclosures in this area. Under the new guidance, a disposal that represents a strategic shift having a major effect on the organization’s operations and financial results should be presented as discontinued operations. The new guidance also requires expanded disclosures about discontinued operations including more information about the assets, liabilities, revenues and expenses of a discontinued operation. The new guidance also requires disclosure of the pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting. This guidance is effective for us in our first quarter of fiscal 2016. Early adoption is permitted for disposals (or classifications as held for sale) that have not been reported in previously-issued financial statements. The Company expects the guidance to have an impact on its accounting for future disposals; however, the effect will be dependent upon the disposals that may be made in the future.
	In July 2013, the FASB issued guidance on the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The guidance requires the netting of unrecognized tax benefits against a deferred tax asset for a loss or other carryforward that would apply in settlement of uncertain tax positions. Under the new standard, unrecognized tax benefits will be netted against all available same-jurisdiction loss or other tax carryforwards that would be utilized, rather than only against carryforwards that are created by the unrecognized tax benefits. The guidance is effective for us in our first quarter of fiscal 2015 with earlier adoption permitted. Retrospective application of the guidance is also permitted. While the adoption of this guidance will not have an impact on our results of operations or cash flows, we are currently evaluating the impact of presenting unrecognized tax benefits net of our deferred tax assets where applicable on our Consolidated Balance Sheets.

Acquisitions

Acquisitions	9 Months Ended
	Mar. 31, 2014
Business Combinations [Abstract]	'
Acquisitions [Text Block]	'
	Acquisitions
	Completed Acquisition—Effective February 28, 2014, Meredith acquired KMOV-TV (KMOV), the CBS affiliate in St. Louis, Missouri, from Gannett Co. Inc. The results of KMOV's operations have been included in the consolidated financial statements since that date. The cash purchase price was $185.8 million.
	As a result of the acquisition, the assets and liabilities of KMOV, consisting primarily of Federal Communications Commission (FCC) broadcast licenses, network affiliation agreement, identifiable intangible assets, fixed assets, accounts receivable and payable, and other accrued expenses are now reflected in the Company's Condensed Consolidated Balance Sheet. The condensed consolidated financial statements reflect the preliminary allocation of the purchase price to the assets acquired and liabilities assumed, based on their respective fair values.
	The Company is in the process of obtaining a third-party valuation of intangible assets; thus, the provisional measurements of intangible assets, goodwill, and deferred income tax balances are subject to change. The FCC broadcast licenses, an indefinite-lived intangible asset, have been provisionally assigned a value of $79.5 million. Definite-lived intangible assets include a network affiliation agreement of $16.6 million and other intangibles of $0.1 million. The network affiliation agreement has a seven year useful life and the other intangible assets have a one year useful life. Goodwill, with a provisionally assigned value of $68.4 million, is attributable to expected synergies and the assembled workforce of KMOV.
	The impact of the KMOV acquisition is not material to the Company's results of operations; therefore, pro forma financial information has not been provided.
	Pending Acquisition—On December 23, 2013, the Company entered into a definitive asset purchase agreement with Gannett Co. Inc. to purchase substantially all of the assets of television station KTVK-TV in Phoenix, Arizona and certain broadcast assets of television station KASW-TV in Phoenix, Arizona. This acquisition is subject to regulatory approval and as of March 31, 2014, had not closed.

Inventories

Inventories	9 Months Ended
	Mar. 31, 2014
Inventory Disclosure [Abstract]	'
Inventories [Text Block]	'
	Inventories
	Major components of inventories are summarized below. Of total net inventory values shown, 53 percent are under the last-in first-out (LIFO) method at March 31, 2014, and 50 percent at June 30, 2013.
	(In thousands)	March 31,				June 30,
		2014				2013
	Raw materials		$	9,549		$	14,336
	Work in process		17,814			16,392
	Finished goods		3,237			2,680
			30,600			33,408
	Reserve for LIFO cost valuation		(4,122		)	(5,022		)
	Inventories		$	26,478		$	28,386

Intangible_Assets_and_Goodwill

Intangible Assets and Goodwill	9 Months Ended
	Mar. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Intangible Assets and Goodwill [Text Block]	'
	Intangible Assets and Goodwill
	Intangible assets consist of the following:
		March 31, 2014									June 30, 2013
	(In thousands)	Gross			Accumulated			Net			Gross			Accumulated				Net
		Amount			Amortization			Amount			Amount			Amortization				Amount
	Intangible assets
	subject to amortization
	National media
	Advertiser relationships	$	8,752		$	(5,560	)	$	3,192		$	8,752		$	(3,755	)		$	4,997
	Customer lists	16,257			(14,371		)	1,886			16,387			(11,242		)		5,145
	Other	17,105			(5,054		)	12,051			16,805			(3,041		)		13,764
	Local media
	Network affiliation agreements	235,161			(121,406		)	113,755			218,559			(117,533		)		101,026
	Other	113			(9		)	104			—			—				—
	Total	$	277,388		$	(146,400	)	130,988			$	260,503		$	(135,571	)		124,932
	Intangible assets not
	subject to amortization
	National media
	Internet domain names							1,827										1,827
	Trademarks							148,889										158,446
	Local media
	FCC licenses							378,540										299,076
	Total							529,256										459,349
	Intangible assets, net							$	660,244									$	584,281
	Amortization expense was $9.9 million for the nine months ended March 31, 2014. Annual amortization expense for intangible assets is expected to be as follows: $13.3 million in fiscal 2014, $12.1 million in fiscal 2015, $10.4 million in fiscal 2016, $9.1 million in fiscal 2017, and $8.6 million in fiscal 2018.
	During the third quarter of fiscal 2014, the Company recorded an impairment charge of $10.3 million on national media intangible assets, including $9.5 million of trademarks and $0.8 million of customer lists. Management determined these intangible assets were fully impaired as part of management's commitment to performance improvement plans, including the conversion of Ladies' Home Journal from a subscription-based magazine to a quarterly newsstand special interest publication and the closure of Meredith's medical sales force training business. The impairment charges are recorded in the depreciation and amortization line in the Condensed Consolidated Statements of Earnings.
	Changes in the carrying amount of goodwill were as follows:
	Nine months ended March 31,	2014								2013
	(In thousands)	National			Local			Total		National			Local				Total
		Media			Media					Media			Media
	Balance at beginning of period	$	788,854		$	—		$	788,854	$	733,127		$	—			$	733,127
	Acquisitions	(68		)	68,410			68,342		(465		)	—				(465		)
	Balance at end of period	$	788,786		$	68,410		$	857,196	$	732,662		$	—			$	732,662

Restructuring_Accrual

Restructuring Accrual	9 Months Ended
	Mar. 31, 2014
Restructuring and Related Activities [Abstract]	'
Restructuring Accrual [Text Block]	'
	Restructuring Accrual
	In March 2014, management committed to several performance improvement plans related primarily to business realignments including converting Ladies' Home Journal from a monthly subscription magazine to a newsstand only quarterly special interest publication, the closing of our medical sales force training business, and other selected workforce reductions. In connection with these plans, in the third quarter of fiscal 2014, the Company recorded a pre-tax restructuring charge of $20.8 million. The restructuring charge includes severance and benefit costs of $8.5 million related to the involuntary termination of employees, an accrual for vacated lease spaces of $0.4 million, and other accruals of $0.5 million, all of which are recorded in the selling, general, and administrative line of the Condensed Consolidated Statements of Earnings. The Company also wrote down intangible assets by $10.3 million (see Note 4) and fixed assets of $0.9 million, which are recorded in the depreciation and amortization line of the Condensed Consolidated Statements of Earnings, and manuscript and art inventory by $0.2 million, which is recorded in the production, distribution, and editorial line of the Condensed Consolidated Statements of Earnings. The majority of severance costs will be paid out over the next 12 months. These plans will affect approximately 100 employees.
	Additionally, during the third quarter of fiscal 2014, the Company recorded a reversal of $1.4 million of excess restructuring reserves accrued in prior fiscal years. The reversal of excess restructuring reserves is recorded in the selling, general, and administrative line of the Condensed Consolidated Statements of Earnings.
	In December 2012, management committed to a performance improvement plan related primarily to business realignments that included selected workforce reductions. In connection with this plan, in the second quarter of fiscal 2013, the Company recorded a pre-tax restructuring charge of $7.9 million including severance and benefit costs of $7.4 million related to the involuntary termination of employees and an accrual for vacated lease space of $0.5 million. The majority of severance costs have been paid out. The plan affected approximately 195 employees. The Company also recorded $0.8 million in reversals of excess restructuring reserves accrued in prior fiscal years. The restructuring charge and credit for the reversal of excess restructuring reserves are recorded in the selling, general, and administrative line of the Condensed Consolidated Statements of Earnings.
	Details of changes in the Company's restructuring accrual are as follows:
	Nine months ended March 31,	2014			2013
	(In thousands)
	Balance at beginning of period	$	8,103		$	10,644
	Severance accrual	8,549			7,382
	Vacated leased space accrual	371			463
	Other accruals	450			—
	Cash payments	(3,099		)	(7,206		)
	Reversal of excess accrual	(1,356		)	(827		)
	Balance at end of period	$	13,018		$	10,456

Longterm_Debt

Long-term Debt	9 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Long-term Debt [Text Block]	'
	Long-term Debt
	Long-term debt consists of the following:
	(In thousands)	March 31,				June 30,
		2014				2013
	Variable-rate credit facilities
	Asset-backed bank facility of $100 million, due 4/24/2015		$	70,000		$	75,000
	Revolving credit facility of $200 million, due 3/27/2019		80,000			—
	Private placement notes
	6.70% senior notes, due 7/13/2013		—			50,000
	7.19% senior notes, due 7/13/2014		25,000			25,000
	2.62% senior notes, due 3/1/2015		50,000			50,000
	3.04% senior notes, due 3/1/2016		50,000			50,000
	3.04% senior notes, due 3/1/2017		50,000			50,000
	3.04% senior notes, due 3/1/2018		50,000			50,000
	Floating rate senior notes, due 2/28/2024		150,000			—
	Total long-term debt		525,000			350,000
	Current portion of long-term debt		(75,000		)	(50,000		)
	Long-term debt		$	450,000		$	300,000
	In connection with the asset-backed bank facility, Meredith entered into a revolving agreement to sell all of its rights, title, and interest in the majority of its accounts receivable related to advertising and miscellaneous revenues to Meredith Funding Corporation, a special-purpose entity established to purchase accounts receivable from Meredith. At March 31, 2014, $140.6 million of accounts receivable net of reserves was outstanding under the agreement. Meredith Funding Corporation in turn may sell receivable interests to a major national bank. In consideration of the sale, Meredith receives cash and a subordinated note, bearing interest at the prime rate, 3.25 percent at March 31, 2014, from Meredith Funding Corporation. The agreement is structured as a true sale under which the creditors of Meredith Funding Corporation will be entitled to be satisfied out of the assets of Meredith Funding Corporation prior to any value being returned to Meredith or its creditors. The accounts of Meredith Funding Corporation are fully consolidated in Meredith's condensed consolidated financial statements.
	During the third quarter of fiscal 2014, Meredith entered into a credit agreement that provides a revolving credit facility of $200.0 million and a term loan facility of $250.0 million, which expires in March 2019. The interest rate under both facilities is variable based on London Interbank Offered Rate (LIBOR) and Meredith's debt to trailing 12 month EBITDA (earnings before interest, taxes, depreciation and amortization as defined in the debt agreement) ratio. The commitment fees under both facilities range from 0.125 percent to 0.250 percent of the unused commitment based on the Company's leverage ratio. There were no amounts outstanding under the term loan facility at March 31, 2014. The new credit agreement replaced our prior revolving credit facility. In connection with this transaction, we wrote off $0.6 million of deferred financing costs to the interest expense, net line of the Condensed Consolidated Statements of Earnings.
	In addition, during the third quarter of fiscal 2014, Meredith issued $150.0 million in floating-rate senior notes which are due in February 2024. The interest rate under the notes is based on a fixed spread over LIBOR.
	The new agreements, as with all of the Company's debt agreements, include financial covenants and failure to comply with any such covenants could result in the debt becoming payable on demand. The most significant financial covenants require a ratio of debt to trailing 12 month EBITDA (as defined in the debt agreements) of less than 3.75 and a ratio of EBITDA to interest expense of greater than 2.75. The Company was in compliance with these and all other financial covenants as of March 31, 2014.

Pension_and_Postretirement_Ben

Pension and Postretirement Benefit Plans	9 Months Ended
	Mar. 31, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]	'
Pension and Postretirement Benefit Plans [Text Block]	'
	Pension and Postretirement Benefit Plans
	The following table presents the components of net periodic benefit costs:
		Three Months						Nine Months
	Periods ended March 31,	2014			2013			2014			2013
	(In thousands)
	Pension benefits
	Service cost	$	2,538		$	2,525		$	7,613		$	7,575
	Interest cost	1,398			1,228			4,193			3,684
	Expected return on plan assets	(2,422		)	(2,366		)	(7,266		)	(7,098		)
	Prior service cost amortization	81			90			242			270
	Actuarial loss amortization	511			813			1,533			2,438
	Net periodic benefit costs	$	2,106		$	2,290		$	6,315		$	6,869
	Postretirement benefits
	Service cost	$	35		$	94		$	135		$	282
	Interest cost	116			153			363			459
	Prior service cost amortization	(105		)	(134		)	(335		)	(402		)
	Actuarial gain amortization	(101		)	—			(263		)	—
	Curtailment credit	—			—			(1,511		)	—
	Net periodic benefit costs (benefit)	$	(55	)	$	113		$	(1,611	)	$	339
	The amortization of amounts related to unrecognized prior service costs and net actuarial loss were reclassified out of other comprehensive income as components of net periodic benefit costs.
	The curtailment credit was triggered by a change in the postretirement benefit plan to no longer subsidize retiree medical coverage and life insurance for future non-union retirees.

Earnings_per_Share

Earnings per Share	9 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Earnings per Share [Text Block]	'
	Earnings per Share
	The following table presents the calculations of earnings per share:
		Three Months				Nine Months
	Periods ended March 31,	2014		2013		2014		2013
	(In thousands except per share data)
	Net earnings	$	18,486	$	29,421	$	73,096	$	89,847
	Basic average shares outstanding	44,649		44,404		44,665		44,436
	Dilutive effect of stock options and equivalents	727		675		797		585
	Diluted average shares outstanding	45,376		45,079		45,462		45,021
	Earnings per share
	Basic earnings per share	$	0.41	$	0.66	$	1.64	$	2.02
	Diluted earnings per share	0.41		0.65		1.61		2
	For the three months ended March 31, 2014 and 2013, antidilutive options excluded from the above calculations totaled 2,003,000 (with a weighted average exercise price of $50.02) and 3,049,000 (with a weighted average exercise price of $46.46), respectively. For the nine months ended March 31, 2014 and 2013, antidilutive options excluded from the above calculations totaled 1,730,000 (with a weighted average exercise price of $50.62) and 3,217,000 (with a weighted average exercise price of $46.05), respectively.
	In the nine months ended March 31, 2014 and 2013, options were exercised to purchase 1,220,000 and 817,000 common shares, respectively.

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements [Text Block]	'
	Fair Value Measurements
	We have estimated the fair value of our financial instruments using available market information and valuation methodologies we believe to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts that we would realize upon disposition.
	The fair value hierarchy consists of three broad levels of inputs that may be used to measure fair value, which are described below:
	•	Level 1	Quoted prices (unadjusted) in active markets for identical assets or liabilities;
	•	Level 2	Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable;
	•	Level 3	Assets or liabilities for which fair value is based on valuation models with significant unobservable pricing inputs and which result in the use of management estimates.
	The following table sets forth the carrying value and the estimated fair value of the Company's financial instruments:
		March 31, 2014				June 30, 2013
	(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
	Broadcast rights payable	$	9,368	$	8,907	$	9,185	$	8,723
	Long-term debt	525,000		525,828		350,000		350,132
	The fair value of broadcast rights payable was determined using the present value of expected future cash flows discounted at the Company's current borrowing rate with inputs included in Level 3. The fair value of long-term debt was determined using the present value of expected future cash flows using borrowing rates currently available for debt with similar terms and maturities with inputs included in Level 2.

Financial_Information_about_In

Financial Information about Industry Segments	9 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Financial Information about Industry Segments [Text Block]	'
	Financial Information about Industry Segments
	Meredith is a diversified media company focused primarily on the home and family marketplace. On the basis of products and services, the Company has established two reportable segments: national media and local media. There have been no changes in the basis of segmentation since June 30, 2013. There are no material intersegment transactions.
	There are two principal financial measures reported to the chief executive officer for use in assessing segment performance and allocating resources. Those measures are operating profit and earnings from continuing operations before interest, taxes, depreciation, and amortization (EBITDA). Operating profit for segment reporting, disclosed below, is revenues less operating costs excluding unallocated corporate expenses. Segment operating expenses include allocations of certain centrally incurred costs such as employee benefits, occupancy, information systems, accounting services, internal legal staff, and human resources administration. These costs are allocated based on actual usage or other appropriate methods, primarily number of employees. Unallocated corporate expenses are corporate overhead expenses not directly attributable to the operating groups. In accordance with authoritative guidance on disclosures about segments of an enterprise and related information, EBITDA is not presented below.
	The following table presents financial information by segment:
		Three Months						Nine Months
	Periods ended March 31,	2014			2013			2014			2013
	(In thousands)
	Revenues
	National media	$	269,680		$	284,228		$	786,273		$	800,634
	Local media	97,734			85,387			291,641			283,733
	Total revenues	$	367,414		$	369,615		$	1,077,914		$	1,084,367
	Segment profit
	National media	$	13,614		$	42,991		$	69,760		$	94,592
	Local media	26,696			24,085			87,597			96,440
	Unallocated corporate	(9,081		)	(17,030		)	(31,419		)	(38,228		)
	Income from operations	31,229			50,046			125,938			152,804
	Interest expense, net	(3,408		)	(3,228		)	(8,676		)	(10,230		)
	Earnings before income taxes	$	27,821		$	46,818		$	117,262		$	142,574
	Depreciation and amortization
	National media	$	15,622		$	4,593		$	25,355		$	14,458
	Local media	7,009			6,093			19,841			18,265
	Unallocated corporate	402			405			1,222			1,262
	Total depreciation and amortization	$	23,033		$	11,091		$	46,418		$	33,985

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Presentation [Policy Text Block]	'
	The condensed consolidated financial statements include the accounts of Meredith Corporation and its wholly owned subsidiaries (Meredith or the Company), after eliminating all significant intercompany balances and transactions. Meredith does not have any off-balance sheet arrangements. The Company's use of special-purpose entities is limited to Meredith Funding Corporation, whose activities are fully consolidated in Meredith's condensed consolidated financial statements.
Basis of Accounting [Policy Text Block]	'
	The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (SEC). Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America (GAAP) for complete financial statements. These condensed consolidated financial statements should be read in conjunction with the Company's audited consolidated financial statements, which are included in Meredith's Annual Report on Form 10‑K for the year ended June 30, 2013, filed with the SEC.
New Accounting Pronouncements [Policy Text Block]	'
	Recently Adopted Accounting Standards—In February 2013, the Financial Accounting Standards Board (FASB) issued guidance related to Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which requires companies to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, companies are required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income. This update was effective for us in our first quarter of fiscal 2014. The adoption of this guidance required a change in the format of presentation only and did not have an impact on our results of operations or financial position.
	Recently Issued Accounting Standards—In April 2014, the FASB issued guidance that changes the criteria for reporting discontinued operations while enhancing disclosures in this area. Under the new guidance, a disposal that represents a strategic shift having a major effect on the organization’s operations and financial results should be presented as discontinued operations. The new guidance also requires expanded disclosures about discontinued operations including more information about the assets, liabilities, revenues and expenses of a discontinued operation. The new guidance also requires disclosure of the pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting. This guidance is effective for us in our first quarter of fiscal 2016. Early adoption is permitted for disposals (or classifications as held for sale) that have not been reported in previously-issued financial statements. The Company expects the guidance to have an impact on its accounting for future disposals; however, the effect will be dependent upon the disposals that may be made in the future.
	In July 2013, the FASB issued guidance on the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The guidance requires the netting of unrecognized tax benefits against a deferred tax asset for a loss or other carryforward that would apply in settlement of uncertain tax positions. Under the new standard, unrecognized tax benefits will be netted against all available same-jurisdiction loss or other tax carryforwards that would be utilized, rather than only against carryforwards that are created by the unrecognized tax benefits. The guidance is effective for us in our first quarter of fiscal 2015 with earlier adoption permitted. Retrospective application of the guidance is also permitted. While the adoption of this guidance will not have an impact on our results of operations or cash flows, we are currently evaluating the impact of presenting unrecognized tax benefits net of our deferred tax assets where applicable on our Consolidated Balance Sheets.

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Mar. 31, 2014
Inventory Disclosure [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'
	Major components of inventories are summarized below. Of total net inventory values shown, 53 percent are under the last-in first-out (LIFO) method at March 31, 2014, and 50 percent at June 30, 2013.
	(In thousands)	March 31,				June 30,
		2014				2013
	Raw materials		$	9,549		$	14,336
	Work in process		17,814			16,392
	Finished goods		3,237			2,680
			30,600			33,408
	Reserve for LIFO cost valuation		(4,122		)	(5,022		)
	Inventories		$	26,478		$	28,386

Intangible_Assets_and_Goodwill1

Intangible Assets and Goodwill (Tables)	9 Months Ended
	Mar. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of Finite And Indefinite Lived Intangible Assets By Major Class [Table Text Block]	'
	Intangible assets consist of the following:
		March 31, 2014									June 30, 2013
	(In thousands)	Gross			Accumulated			Net			Gross			Accumulated				Net
		Amount			Amortization			Amount			Amount			Amortization				Amount
	Intangible assets
	subject to amortization
	National media
	Advertiser relationships	$	8,752		$	(5,560	)	$	3,192		$	8,752		$	(3,755	)		$	4,997
	Customer lists	16,257			(14,371		)	1,886			16,387			(11,242		)		5,145
	Other	17,105			(5,054		)	12,051			16,805			(3,041		)		13,764
	Local media
	Network affiliation agreements	235,161			(121,406		)	113,755			218,559			(117,533		)		101,026
	Other	113			(9		)	104			—			—				—
	Total	$	277,388		$	(146,400	)	130,988			$	260,503		$	(135,571	)		124,932
	Intangible assets not
	subject to amortization
	National media
	Internet domain names							1,827										1,827
	Trademarks							148,889										158,446
	Local media
	FCC licenses							378,540										299,076
	Total							529,256										459,349
	Intangible assets, net							$	660,244									$	584,281
Schedule of Goodwill [Table Text Block]	'
	Changes in the carrying amount of goodwill were as follows:
	Nine months ended March 31,	2014								2013
	(In thousands)	National			Local			Total		National			Local				Total
		Media			Media					Media			Media
	Balance at beginning of period	$	788,854		$	—		$	788,854	$	733,127		$	—			$	733,127
	Acquisitions	(68		)	68,410			68,342		(465		)	—				(465		)
	Balance at end of period	$	788,786		$	68,410		$	857,196	$	732,662		$	—			$	732,662

Restructuring_Accrual_Tables

Restructuring Accrual (Tables)	9 Months Ended
	Mar. 31, 2014
Restructuring and Related Activities [Abstract]	'
Schedule of Restructuring and Related Costs [Table Text Block]	'
	Details of changes in the Company's restructuring accrual are as follows:
	Nine months ended March 31,	2014			2013
	(In thousands)
	Balance at beginning of period	$	8,103		$	10,644
	Severance accrual	8,549			7,382
	Vacated leased space accrual	371			463
	Other accruals	450			—
	Cash payments	(3,099		)	(7,206		)
	Reversal of excess accrual	(1,356		)	(827		)
	Balance at end of period	$	13,018		$	10,456

Longterm_Debt_Tables

Long-term Debt (Tables)	9 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt Instruments [Table Text Block]	'
	Long-term debt consists of the following:
	(In thousands)	March 31,				June 30,
		2014				2013
	Variable-rate credit facilities
	Asset-backed bank facility of $100 million, due 4/24/2015		$	70,000		$	75,000
	Revolving credit facility of $200 million, due 3/27/2019		80,000			—
	Private placement notes
	6.70% senior notes, due 7/13/2013		—			50,000
	7.19% senior notes, due 7/13/2014		25,000			25,000
	2.62% senior notes, due 3/1/2015		50,000			50,000
	3.04% senior notes, due 3/1/2016		50,000			50,000
	3.04% senior notes, due 3/1/2017		50,000			50,000
	3.04% senior notes, due 3/1/2018		50,000			50,000
	Floating rate senior notes, due 2/28/2024		150,000			—
	Total long-term debt		525,000			350,000
	Current portion of long-term debt		(75,000		)	(50,000		)
	Long-term debt		$	450,000		$	300,000

Pension_and_Postretirement_Ben1

Pension and Postretirement Benefit Plans (Tables)	9 Months Ended
	Mar. 31, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]	'
Schedule of Net Benefit Costs [Table Text Block]	'
	The following table presents the components of net periodic benefit costs:
		Three Months						Nine Months
	Periods ended March 31,	2014			2013			2014			2013
	(In thousands)
	Pension benefits
	Service cost	$	2,538		$	2,525		$	7,613		$	7,575
	Interest cost	1,398			1,228			4,193			3,684
	Expected return on plan assets	(2,422		)	(2,366		)	(7,266		)	(7,098		)
	Prior service cost amortization	81			90			242			270
	Actuarial loss amortization	511			813			1,533			2,438
	Net periodic benefit costs	$	2,106		$	2,290		$	6,315		$	6,869
	Postretirement benefits
	Service cost	$	35		$	94		$	135		$	282
	Interest cost	116			153			363			459
	Prior service cost amortization	(105		)	(134		)	(335		)	(402		)
	Actuarial gain amortization	(101		)	—			(263		)	—
	Curtailment credit	—			—			(1,511		)	—
	Net periodic benefit costs (benefit)	$	(55	)	$	113		$	(1,611	)	$	339

Earnings_per_Share_Tables

Earnings per Share (Tables)	9 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
	The following table presents the calculations of earnings per share:
		Three Months				Nine Months
	Periods ended March 31,	2014		2013		2014		2013
	(In thousands except per share data)
	Net earnings	$	18,486	$	29,421	$	73,096	$	89,847
	Basic average shares outstanding	44,649		44,404		44,665		44,436
	Dilutive effect of stock options and equivalents	727		675		797		585
	Diluted average shares outstanding	45,376		45,079		45,462		45,021
	Earnings per share
	Basic earnings per share	$	0.41	$	0.66	$	1.64	$	2.02
	Diluted earnings per share	0.41		0.65		1.61		2

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Fair Value, by Balance Sheet Grouping [Table Text Block]	'
	The following table sets forth the carrying value and the estimated fair value of the Company's financial instruments:
		March 31, 2014				June 30, 2013
	(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
	Broadcast rights payable	$	9,368	$	8,907	$	9,185	$	8,723
	Long-term debt	525,000		525,828		350,000		350,132

Financial_Information_about_In1

Financial Information about Industry Segments (Tables)	9 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
	The following table presents financial information by segment:
		Three Months						Nine Months
	Periods ended March 31,	2014			2013			2014			2013
	(In thousands)
	Revenues
	National media	$	269,680		$	284,228		$	786,273		$	800,634
	Local media	97,734			85,387			291,641			283,733
	Total revenues	$	367,414		$	369,615		$	1,077,914		$	1,084,367
	Segment profit
	National media	$	13,614		$	42,991		$	69,760		$	94,592
	Local media	26,696			24,085			87,597			96,440
	Unallocated corporate	(9,081		)	(17,030		)	(31,419		)	(38,228		)
	Income from operations	31,229			50,046			125,938			152,804
	Interest expense, net	(3,408		)	(3,228		)	(8,676		)	(10,230		)
	Earnings before income taxes	$	27,821		$	46,818		$	117,262		$	142,574
	Depreciation and amortization
	National media	$	15,622		$	4,593		$	25,355		$	14,458
	Local media	7,009			6,093			19,841			18,265
	Unallocated corporate	402			405			1,222			1,262
	Total depreciation and amortization	$	23,033		$	11,091		$	46,418		$	33,985

Acquisitions_Details

Acquisitions (Details) (USD $)	9 Months Ended		0 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Feb. 28, 2014	Feb. 28, 2014	Feb. 28, 2014	Feb. 28, 2014
			KMOV [Member]	Network Affiliation Agreements [Member]	Other Intangible Assets [Member]	FCC Licenses [Member]
				KMOV [Member]	KMOV [Member]	KMOV [Member]
Business Acquisition [Line Items]	'	'	'	'	'	'
Payments to Acquire Businesses, Gross	$188,654,000	$7,410,000	$185,800,000	'	'	'
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets	'	'	'	'	'	79,500,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	'	'	'	16,600,000	100,000	'
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	'	'	'	'7 years	'1 year	'
Goodwill, Acquired During Period	'	'	$68,400,000	'	'	'

Inventories_Details

Inventories (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified
Inventory Disclosure [Abstract]	'	'
Percentage of LIFO Inventory	53.00%	50.00%
Raw materials	$9,549	$14,336
Work in process	17,814	16,392
Finished goods	3,237	2,680
Subtotal	30,600	33,408
Reserve for LIFO cost valuation	-4,122	-5,022
Inventories	$26,478	$28,386

Intangible_Assets_and_Goodwill2

Intangible Assets and Goodwill - Intangible (Details) (USD $)

9 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Jun. 30, 2013

Mar. 31, 2014

Jun. 30, 2013

Mar. 31, 2014

Jun. 30, 2013

Mar. 31, 2014

Jun. 30, 2013

Mar. 31, 2014

Jun. 30, 2013

Mar. 31, 2014

Jun. 30, 2013

Mar. 31, 2014

Jun. 30, 2013

Mar. 31, 2014

Jun. 30, 2013

Mar. 31, 2014

Jun. 30, 2013

Mar. 31, 2014

National Media [Member]

National Media [Member]

National Media [Member]

National Media [Member]

National Media [Member]

National Media [Member]

National Media [Member]

National Media [Member]

National Media [Member]

National Media [Member]

Local Media [Member]

Local Media [Member]

Local Media [Member]

Local Media [Member]

Local Media [Member]

Local Media [Member]

Depreciation and amortization [Member]

Internet Domain Names [Member]

Internet Domain Names [Member]

Trademarks [Member]

Trademarks [Member]

Advertiser Relationships [Member]

Advertiser Relationships [Member]

Customer Lists [Member]

Customer Lists [Member]

Other Intangible Assets [Member]

Other Intangible Assets [Member]

FCC Licenses [Member]

FCC Licenses [Member]

Other Intangible Assets [Member]

Other Intangible Assets [Member]

Network Affiliation Agreements [Member]

Network Affiliation Agreements [Member]

National Media [Member]

Finite And Indefinite Lived Intangible Assets By Major Class [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Intangible assets subject to amortization, gross amount

$277,388,000

'

$260,503,000

'

'

'

'

$8,752,000

$8,752,000

$16,257,000

$16,387,000

$17,105,000

$16,805,000

'

'

$113,000

$0

$235,161,000

$218,559,000

'

Intangible assets subject to amortization, accumulated amortization

-146,400,000

'

-135,571,000

'

'

'

'

-5,560,000

-3,755,000

-14,371,000

-11,242,000

-5,054,000

-3,041,000

'

'

-9,000

0

-121,406,000

-117,533,000

'

Intangible assets subject to amortization, net amount

130,988,000

'

124,932,000

'

'

'

'

3,192,000

4,997,000

1,886,000

5,145,000

12,051,000

13,764,000

'

'

104,000

0

113,755,000

101,026,000

'

Intangible assets not subject to amortization

529,256,000

'

459,349,000

1,827,000

1,827,000

148,889,000

158,446,000

'

'

'

'

'

'

378,540,000

299,076,000

'

'

'

'

'

Intangible assets, net

660,244,000

'

584,281,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amortization of Intangible Assets

9,894,000

8,691,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Future amortization expense for intangible assets [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Future amortization expense, fiscal 2014

13,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Future amortization expense, fiscal 2015

12,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Future amortization expense, fiscal 2016

10,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Future amortization expense, fiscal 2017

9,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Future amortization expense, fiscal 2018

8,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Impairment of Intangible Assets (Excluding Goodwill)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,300,000

Impairment of Intangible Assets, Finite-lived

'

'

'

'

'

9,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Impairment of Intangible Assets, Finite-lived

'

'

'

'

'

'

'

'

'

$800,000

'

'

'

'

'

'

'

'

'

'

Intangible_Assets_and_Goodwill3

Intangible Assets and Goodwill - Goodwill (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Goodwill [Roll Forward]	'	'
Balance at beginning of period	$788,854	$733,127
Acquisitions	68,342	-465
Balance at end of period	857,196	732,662
National Media [Member]	'	'
Goodwill [Roll Forward]	'	'
Balance at beginning of period	788,854	733,127
Acquisitions	-68	-465
Balance at end of period	788,786	732,662
Local Media [Member]	'	'
Goodwill [Roll Forward]	'	'
Balance at beginning of period	0	0
Acquisitions	68,410	0
Balance at end of period	$68,410	$0

Restructuring_Accrual_Details

Restructuring Accrual (Details) (USD $)

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2013

Mar. 31, 2013

Mar. 31, 2013

Mar. 31, 2014

Dec. 31, 2012

Dec. 31, 2012

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Selling, General and Administrative Expenses [Member]

Selling, General and Administrative Expenses [Member]

Employee Severance [Member]

Vacated Lease Space [Member]

Other Restructuring [Member]

Performance Improvement Plan [Member]

Performance Improvement Plan [Member]

Performance Improvement Plan [Member]

Performance Improvement Plan [Member]

Performance Improvement Plan [Member]

Performance Improvement Plan [Member]

Performance Improvement Plan [Member]

Performance Improvement Plan [Member]

National Media [Member]

employees

employees

Selling, General and Administrative Expenses [Member]

Depreciation and amortization [Member]

Production, distribution, and editorial [Member]

Employee Severance [Member]

Vacated Lease Space [Member]

Other Restructuring [Member]

Depreciation and amortization [Member]

Selling, General and Administrative Expenses [Member]

Selling, General and Administrative Expenses [Member]

Selling, General and Administrative Expenses [Member]

Restructuring Cost and Reserve [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restructuring And Related Activities Expected Payment Period In Months

'

'

'

'

'

'

'

'12 months

'

'

'

'

'

'

'

'

Restructuring and Related Cost, Expected Number of Positions Eliminated

'

'

'

'

'

'

'

100

'

'

'

'

'

'

'

'

Restructuring and Related Cost, Number of Positions Eliminated

'

'

'

'

'

'

'

'

195

'

'

'

'

'

'

'

Impairment of Long-Lived Assets to be Disposed of

'

'

'

'

'

'

'

'

'

'

$900,000

'

'

'

'

'

Manuscript and art inventory write-off

'

'

'

'

'

'

'

'

'

'

'

200,000

'

'

'

'

Changes in restructuring accrual [Roll Forward]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at beginning of period

8,103,000

10,644,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restructuring accrual

'

'

'

'

7,382,000

463,000

0

20,800,000

'

7,900,000

'

'

8,549,000

371,000

450,000

'

Cash payments

-3,099,000

-7,206,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Reversal of excess accrual

'

'

-1,356,000

-827,000

'

'

'

'

'

'

'

'

'

'

'

'

Balance at end of period

13,018,000

10,456,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Impairment of Intangible Assets (Excluding Goodwill)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$10,300,000

Longterm_Debt_Details

Long-term Debt (Details) (USD $)	3 Months Ended	9 Months Ended
	Mar. 31, 2014	Mar. 31, 2014	Jun. 30, 2013
Debt Instrument [Line Items]	'	'	'
Total long-term debt	$525,000,000	$525,000,000	$350,000,000
Current portion of long-term debt	-75,000,000	-75,000,000	-50,000,000
Long-term debt	450,000,000	450,000,000	300,000,000
Receivable with Imputed Interest, Effective Yield (Interest Rate)	'	3.25%	'
Write off of Deferred Financing Cost	600,000	'	'
Debt Instrument, Covenant Requirement, Maximum Ratio of Debt to Trailing Twelve Month EBITDA	3.75	3.75	'
Debt Instrument, Covenant Requirement, Minimum Ratio of EBITDA to Interest Expense	2.75	2.75	'
Line of Credit [Member] | Asset Backed Bank Facility [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Total long-term debt	70,000,000	70,000,000	75,000,000
Line of credit facility, maximum borrowing capacity	100,000,000	100,000,000	'
Accounts receivable outstanding under the revolving agreement	140,600,000	140,600,000	'
Line of Credit [Member] | Revolving Credit Facility [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Total long-term debt	80,000,000	80,000,000	0
Line of credit facility, maximum borrowing capacity	200,000,000	200,000,000	'
Term Loan Facility [Member] | Term Loan Facility [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Total long-term debt	0	0	'
Line of credit facility, maximum borrowing capacity	250,000,000	250,000,000	'
Senior Notes [Member] | Senior Notes Due 2013 [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Total long-term debt	0	0	50,000,000
Debt Instrument, Interest Rate, Stated Percentage	6.70%	6.70%	'
Senior Notes [Member] | Senior Notes Due 2014 [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Total long-term debt	25,000,000	25,000,000	25,000,000
Debt Instrument, Interest Rate, Stated Percentage	7.19%	7.19%	'
Senior Notes [Member] | Senior Notes Due 2015 [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Total long-term debt	50,000,000	50,000,000	50,000,000
Debt Instrument, Interest Rate, Stated Percentage	2.62%	2.62%	'
Senior Notes [Member] | Senior Notes Due 2016 [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Total long-term debt	50,000,000	50,000,000	50,000,000
Debt Instrument, Interest Rate, Stated Percentage	3.04%	3.04%	'
Senior Notes [Member] | Senior Notes Due 2017 [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Total long-term debt	50,000,000	50,000,000	50,000,000
Debt Instrument, Interest Rate, Stated Percentage	3.04%	3.04%	'
Senior Notes [Member] | Senior Notes Due 2018 [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Total long-term debt	50,000,000	50,000,000	50,000,000
Debt Instrument, Interest Rate, Stated Percentage	3.04%	3.04%	'
Senior Notes [Member] | Senior Notes Due 2024 [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Total long-term debt	150,000,000	150,000,000	'
Debt Instrument, Face Amount	$150,000,000	$150,000,000	'
Maximum [Member] | Line of Credit [Member] | Revolving Credit Facility [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Line of Credit Facility, Commitment Fee Percentage	'	0.25%	'
Minimum [Member] | Line of Credit [Member] | Revolving Credit Facility [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Line of Credit Facility, Commitment Fee Percentage	'	0.13%	'

Pension_and_Postretirement_Ben2

Pension and Postretirement Benefit Plans (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Pension Plans [Member]	'	'	'	'
Components of Net Periodic Benefit Costs [Abstract]	'	'	'	'
Service cost	$2,538	$2,525	$7,613	$7,575
Interest cost	1,398	1,228	4,193	3,684
Expected return on plan assets	-2,422	-2,366	-7,266	-7,098
Prior service cost amortization	81	90	242	270
Actuarial loss (gain) amortization	511	813	1,533	2,438
Net periodic benefit costs (benefit)	2,106	2,290	6,315	6,869
Postretirement Benefit Plans [Member]	'	'	'	'
Components of Net Periodic Benefit Costs [Abstract]	'	'	'	'
Service cost	35	94	135	282
Interest cost	116	153	363	459
Prior service cost amortization	-105	-134	-335	-402
Actuarial loss (gain) amortization	-101	0	-263	0
Curtailment credit	0	0	-1,511	0
Net periodic benefit costs (benefit)	($55)	$113	($1,611)	$339

Earnings_per_Share_Details

Earnings per Share (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share [Abstract]	'	'	'	'
Net earnings	$18,486	$29,421	$73,096	$89,847
Basic average shares outstanding	44,649	44,404	44,665	44,436
Dilutive effect of stock options and equivalents	727	675	797	585
Diluted average shares outstanding	45,376	45,079	45,462	45,021
Earnings per share	'	'	'	'
Basic earnings per share	$0.41	$0.66	$1.64	$2.02
Diluted earnings per share	$0.41	$0.65	$1.61	$2
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Options exercised to purchase common shares	'	'	1,220	817
Employee Stock Option [Member]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive options excluded from calculation of earnings per share, number of options	2,003	3,049	1,730	3,217
Antidilutive options excluded from calculation of earnings per share, weighted average exercise price	$50.02	$46.46	$50.62	$46.05

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Long-term Debt	$525,000,000	$350,000,000
Carrying Amount [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Broadcast rights payable	9,368,000	9,185,000
Long-term Debt	525,000,000	350,000,000
Estimated Fair Value [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Broadcast rights payable	8,907,000	8,723,000
Long-term debt fair value	$525,828,000	$350,132,000

Financial_Information_about_In2

Financial Information about Industry Segments (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
			segment
			measures
Segment Reporting Information [Line Items]	'	'	'	'
Number of reportable segments	'	'	2	'
Number of principal financial measures	'	'	2	'
Total revenues	$367,414	$369,615	$1,077,914	$1,084,367
Income from operations	31,229	50,046	125,938	152,804
Interest expense, net	-3,408	-3,228	-8,676	-10,230
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	27,821	46,818	117,262	142,574
Total depreciation and amortization	23,033	11,091	46,418	33,985
National Media [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total revenues	269,680	284,228	786,273	800,634
Income from operations	13,614	42,991	69,760	94,592
Total depreciation and amortization	15,622	4,593	25,355	14,458
Local Media [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total revenues	97,734	85,387	291,641	283,733
Income from operations	26,696	24,085	87,597	96,440
Total depreciation and amortization	7,009	6,093	19,841	18,265
Unallocated Corporate [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Income from operations	-9,081	-17,030	-31,419	-38,228
Total depreciation and amortization	$402	$405	$1,222	$1,262